About This Home

This 1-bedroom, 1-bathroom condo at 205 5TH Street #41 in Ocean City, MD is listed for $200,000 ($658 per sqft). Built in 1940, the home offers 304 sqft of living space on a N/A lot.

Key Features

  • Built in 1940
  • 1 parking spaces

Property Details

1 story
1 full
1 space
#41
1940

Amenities

A/C
Listing Description

This is an amazing one-bedroom unit in the heart of downtown that won't disappoint. If you're looking for your next hideaway in ocean city to vacation or you're looking for a powerhouse income producing unit, you have arrived. Walking distance to the beach, boardwalk and all local attractions; this home is central to everything.

Over the last two years this unit has grossed (on average) $22,000 each summer and can produce even more if operated during the winter as an off-season rental. Recently updated with new furniture, paint and staging, this gem can comfortably sleep 5 adults.

The home has a full kitchen, a large shower and a recently updated exterior space. Stairs and deck have been rebuilt using Trex decking and provide a quiet private space to rest once you have walked off the beach. There is nothing on the market at this price that can compare.

Monthly Cost Estimate

$1,597/mo

20% down · 6.5% · 30 years

Principal$145
Interest$867
Insurance$58
HOA$527

Estimates only. Actual payments may vary.

Location

205 5TH Street #41

Ocean City, MD 21842

NONE AVAILABLE

Property Details

Construction

Combination

Parking

Offsite

Heating

Electric (Heating)Baseboard

Cooling

Window Unit(s)

Questions & Answers

This 1-bedroom, 1-bathroom condo at 205 5TH Street is listed at $200,000 ($658/sqft). The estimated monthly payment is $1,596 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $527/month.

Key features include: Built in 1940, 1 parking spaces.

This property is listed by Ryan W Eby.

RE

Ryan W Eby

License 678024

Agent at Corner House Reatly

Listed by Corner House Reatly · Broker phone: (443) 499-3839 · View on Broker Site · Broker website

MLS# MDWO2039074· Source: Bright MLS· 142 days on PropertySimple

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

205 5TH Street #41, Ocean City, MD 21842

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